Description
Key Highlights:
Record Revenue: NVIDIA achieved record revenue of $35.082 billion, representing a 94% increase year-over-year and a 17% increase quarter-over-quarter, driven by robust demand for data center compute and networking platforms for AI solutions.
Strong Profitability: Gross margin expanded to 74.6% compared to 74.0% in the same quarter last year, attributed to a higher mix of Data Center revenue.
Net Income Surge: Net income reached $19.309 billion, a remarkable 109% year-over-year increase. Diluted net income per share reached $0.78, marking a 111% increase.
Compute & Networking Segment Dominates: The Compute & Networking segment, fueled by the Hopper architecture and strong demand for AI solutions, accounted for the majority of revenue growth. The segment saw a 112% year-over-year increase in revenue, reaching $31.036 billion.
Data Center Growth Soars: Data Center revenue surged 133% year-on-year, reaching $30.771 billion, driven by the adoption of Hopper computing platform for large language models, recommendation engines, and generative AI applications.
Networking Performance Strengthens: Networking revenue increased by 20% year-on-year, reaching $3.127 billion, largely due to strong demand for the Spectrum-X ethernet platform for AI.
Key Highlights:
Platformization Strategy: PANW continues to focus on its platformization strategy, offering integrated security solutions across network, cloud, and endpoint environments. This is reflected in the strong growth of subscription and support revenue, fueled by the adoption of their...
Published 11/21/24
Key Highlights:
Consolidated comparable store sales increased 3%, driven entirely by customer transactions, indicating strong customer appeal for their value proposition.
“Across the Company, customer transactions drove our comp sales increases, which tells us that our values and treasure hunt...
Published 11/20/24